(no subject)
Oct. 10th, 2008 11:24 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
randomnessSocieties do not function without trust.
What is happening now in the markets is what happens when trust--between banks, between companies, between people--disappears.
Nearly fourteen months ago, I posted about fear and suspicion being bad for markets. What I said is just as true now as it was then.
But when trust is gone, how do you get it back?
What is happening now in the markets is what happens when trust--between banks, between companies, between people--disappears.
Nearly fourteen months ago, I posted about fear and suspicion being bad for markets. What I said is just as true now as it was then.
But when trust is gone, how do you get it back?
(no subject)
Date: 2008-10-13 06:22 pm (UTC)In answer to the original question - you do it by bringing in a neutral third party that is trusted by both sides. In this case I'm guessing it's the Fed who'll play that role.